AKRA 6M 2012 audited financial results released; Net Income 6M 2012 increased 23% YOY to 297 Billion

JAKARTA, September 27, 2012 - PT AKR Corporindo Tbk (“AKRA” or the Company) today announced its consolidated financial statements for the six months ended on 30 June 2012 . The audit was conducted by Public Accountant Purwantono, Suherman & Sanjaya (A member firm of Ernst & Young Global Limited) with unqualified audit opinion.

AKRA sales revenue perfomance during the first semester recorded 18% increase to Rp 10,715 billion compared to  Rp 9,061 billion during the first semester of the year 2011.  Net Profit for the 6 months ended 30th June 2012 attributable to the Equity holders of the Parent entity increased 23% to Rp 297.6 billion compared to core net profit from continuing operations of Rp 241.4 billion during the 6 months ended 30th June 2011. 

Gross profit grew 33% YOY during the 6 months ended 30th June 2012 to Rp 622 billion from Rp.467 billion during the 6 months ended 30th June 2011. Profit  from operations increased 37.6% to Rp 391.6 billion during 6M 2012 compared to Rp 284.6 billion during 6 M 2011. 

Total comprehensive income for the period ended 30th June 2012 is Rp 382.5 billion including the exchange difference due translation of financial statements. Consolidated income for the 6 months ended 30th June 2011 of Rp 1,893 billion includes Rp 1,690 billion from the sale of discontinued operations during the year 2011.